Property Appraisal Standards

Appraisers will generally use recognized appraisal standards such asthoseacceptable to FHLMC. However, appraising structures in older urban neighborhoods requires extra consideration of some factors as defined below. It is the responsibility of the Seller to insure that appraisers are aware of and utilize these guidelines in appraising Mortgage Loans in which Loan Participations are purchased by MHMFA.